Impact Evaluation of a Cluster Program: An Application of Synthetic Control Methods
Gustavo Crespi () and
No 8510, IDB Publications (Working Papers) from Inter-American Development Bank
This paper analyzes the impact of a cluster tourism policy in the region of Colonia, Uruguay. The policy was implemented as part of an IDB-supported program. The study conducted a comparative analysis of Colonia vs. other tourism regions of the country applying a synthetic control method. This method of identifying the counterfactual is especially useful in comparative case studies where there are a limited number of control units. This is the first time that the synthetic control method hasbeen applied to a cluster policy. The estimations show a positive impact of the cluster program on the inflow of international tourists to Colonia of 30 percent in the period 2008–2015; however, no significant impact on total expenditure was found.
Keywords: cluster policy; impact evaluation; synthetic control methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:8510
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